Anadarko to double Rocky Mountain spending

Anadarko Petroleum Corp., Houston, will more than double spending in the Rocky Mountain area this year to more than $131 million. Anadarko is looking for gas and coalbed methane. It plans to drill more than 20 exploration wells and 130 development wells in Wyoming, Colorado, and Utah, and plans to participate in more than 275 wells operated by other companies.

Feb 6th, 2001


HOUSTON, Feb. 6�Anadarko Petroleum Corp., Houston, will more than double spending in the Rocky Mountain area this year to more than $131 million.

Anadarko is looking for gas and coalbed methane. It plans to drill more than 20 exploration wells and 130 development wells in Wyoming, Colorado, and Utah, and plans to participate in more than 275 wells operated by other companies. It will also acquire and interpret more than 500 sq miles of 3D seismic.

"Because of the large acreage position that we hold in the region, Anadarko has certain economic advantages that can't be matched by our competitors," said John N. Seitz, Anadarko president and CEO. "Our strategy this year is to deploy more resources in the Rockies in an effort to unlock the full potential in this under-explored area. In fact, we view the Rocky Mountains as one of the richest areas capable of providing new natural gas supplies for the US."

In Utah, Anadarko intends to invest more than $20 million in Helper and Drunkard's Wash coalbed methane fields.

In Wyoming, Anadarko has interests in seven coalbed methane plays. It plans to drill 35 wells in the Powder River basin in 2001.

Anadarko also plans to drill 60 wells this year in Greater Wamsutter gas field in Wyoming.

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